Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
Cautious Bank of England hold rates, extends bond reduction plan
The Bank of England kept interest rates at 5.0% on Thursday, saying it would be careful about future cuts, and also held off from running down its bond holdings at a faster pace, avoiding extra budget strains for finance minister Rachel Reeves.
Workers’ demands for big pay rises risk prolonging the inflation crisis and forcing the Bank of England to keep interest ...
As recent data show that inflation in the US has fallen below 3 percent, close to the 2 percent target the Fed had set, ...
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Turkey sticks with 50% policy rate for sixth straight monthBy Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on September 19 kept its policy rate ...
The Central Bank of Brazil (BCB) has raised its policy rate by 25 basis points in a unanimous decision. Hours after the US ...
Bank of England policymaker Catherine Mann said she would prefer to keep rates higher for longer and then cut more ...
KARACHI: As per expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday ...
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...
The Fed is about to cut the Fed Funds Rate by 25 basis points while maintaining Quantitative Tightening for the first time ...
The Bank of England warned investors it won’t rush to ease policy, as it held fire on another cut in borrowing costs and ...
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